Thursday, 25 March 2010

SO, GORDON - WHY DID YOU SELL OUR GOLD FOR PEANUTS, YOU TWAT?

IT'S NOT A GOOD TIME TO BE WORKING ANYWHERE NEAR McFUCKWIT

Gordon Brown has been ordered to release information before the general election about his controversial decision to sell Britain's gold reserves. The decision to sell the gold taken by Mr Brown when he was Chancellor is regarded as one of the Treasury's worst financial mistakes and has cost taxpayers almost £7 billion. Mr Brown and the Treasury have repeatedly refused to disclose information about the gold sale amid allegations that warnings were ignored.

Following a series of freedom of information requests from The Daily Telegraph over the past four years, the Information Commissioner has ordered the Treasury to release some details. The Treasury must publish the information demanded within 35 calendar days by the end of April. The sale is expected to be become a major election issue, casting light on Mr Brown's decisions while at the Treasury.

Last night, George Osborne, the shadow chancellor, demanded that the information was published immediately. " Gordon Brown 's decision to sell off our gold reserves at the bottom of the market cost the British taxpayer billions of pounds," he said. "It was one of the worst economic judgements ever made by a chancellor."

"The British public have a right to know what happened and why so much of their money was lost. The documents should be published immediately."

Between 1999 and 2002, Mr Brown ordered the sale of almost 400 tons of the gold reserves when the price was at a 20-year low. Since then, the price has more than quadrupled, meaning the decision cost taxpayers an estimated £7 billion, according to Mike Warburton of the accountants Grant Thornton. It is understood that Mr Brown pushed ahead with the sale despite serious misgivings at the Bank of England. It is not thought that senior Bank experts were even consulted about the decision, which was driven through by a small group of senior Treasury aides close to Mr Brown. The Treasury has been officially censured by the Information Commissioner over its attempts to block the release of information about the gold sales.

The Information Commissioner's decision itself is set to become the subject of criticism. The commissioner has taken four years to rule on the release of the documents, despite intense political and public interest in the sales. Officials have missed a series of their own deadlines to order the information's release, which will now prevent a proper parliamentary analysis of the disclosures. It can also be disclosed that the commissioner has held a series of private meetings with the Treasury and has agreed for much of the paperwork to remain hidden from the public. The Treasury was allowed to review the decision notice when it was in draft form and may have been permitted to make numerous changes. In the official notice, the Information Commissioner makes it clear that only a "limited" release of information has been ordered.

Ed Balls, who is now the Schools Secretary, Ed Miliband, now the Climate Change Secretary, and Baroness Vadera, another former minister, were all close aides to the chancellor during the relevant period. If the information is not released by the end of April, the Treasury will be in "contempt of court" and will face legal action. A spokesman said last night that the Treasury was not preparing to appeal against the ruling.

How Auctions Cost Taxpayers £7bn

*The price of gold has quadrupled since Gordon Brown sold more than half of Britains reserves.

*The Treasury pre-announced its plans to sell 395 tons of the 715 tons held by the Bank of England, which caused prices to fall.

*The bullion was sold in 17 auctions between 1999 and 2002, with dealers paying between $256 and $296 an ounce. Since then, the price has increased rapidly. Yesterday, it stood at $1,100 an ounce.

*The taxpayer lost an estimated £7 billion, twice the amount lost when Britain left the Exchange Rate Mechanism in 1992.

*The proceeds from the sales were invested in dollars, euros and yen. In recent years, most other countries have begun buying gold again in large quantities.

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comments:

Spidey this is sssoooooo sweet. someone has decided to take a sledge hammer to one of the big unexploded bombs strewn around the waistland that is UKplc. Duck, there's an almighty explosion coming!!! Heheheheheheeeee

He is indeed, Teresa...... all sizzled up and crispy, he would probably go nicely with french fries and, as you said before, we could feed him to the poor! (I still want to painfully insert a spit up his arsehole) :-P

That's like the comparison between Brown and Blair, Odie, in that Obastard and B.Liar are evil, narcissistic twins, both overflowing with hubris..... but Brownturd is an out-and-out commie minger.... much worse than either of the other two, (and that's saying something)! >:o

It certainly did, Gotty...... I wonder what the going rate is for a 24 carat cunt these days...... we could sell him into slavery for a fair price...... I mean, whoever takes us up on the offer wouldn't charge us too much to take him off our hands...... would they? :-P *DONT_KNOW*

Ahhhhso.The Florin People has a hand on your gold toooo!They TOOK ours with the help of Bubba (Clinton), a fella Fabianist.And last fall they took a whole bunch of cash- can We All Say TARP (T'is Another Rape by Pirates)?

Could be that Darling is behind the move to get this information out in the open. He doesn't like Brown or Balls an awful lot. Hell, even Cooper might be implicated, in which case, it could be curtains for their careers!

Names in the frame for this are Brown, Balls and Milliband. Don't forget that at the same time Brown and Balls were setting up the Carbon Disclosure Project fake charity with 55trillions currently under managment!!

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It should now be completely obvious to everyone with a brain in their head that Lib/Lab/Con are merely three different branches of the one enormous NWO/Bilderberg/One-World-Government, Communitarian, EU, Fabian, Demos, Common-Purpose political shitheap that infests Westminster - like one big diabolical, Lefty animal with three heads.
Voting for any of the three main parties is the equivalent of turkeys voting for Christmas and the only way to change this is to root out the problem and start again.
I plan to keep talking about these over-educated, over-privileged, self-serving, thick-skulled, arrogant twats until more and more people finally wake up and realise what our so-called "servants", the self-obsessed, self-promoting, callous bastards in successive Lib/Lab/Con governments have been doing to us by stealth since the end of WW2.
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Then you know what you need to do....... Vote UKIP!